341–350 of 376 posts
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Most US tech related companies are actually headquartered in Ireland (for tax purposes)
> Most US tech related companies are actually headquartered in Ireland (for tax purposes) Regional headquarters. That helps with their taxes in Europe. It wouldn't work to avoid taxes on money made in the US.
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Packaging. Boxes, shippers, pallets, parts transports for use within automotive and other factories, etc. Very little direct to consumer or display stuff. Analysts use packaging companies as a canary for manufacturing in general.
Interesting! I am familiar with this space as we developed a software tool [0] to optimize packaging based on 3D packing technology we developed. If it is relevant to you, happy to chat! [0] https://www.pack-studio.com/
Corporate America is such a weird place. They rather hire immigrants than retrain or educate existing workforce. Everything about the US economy is plug and play then discard. And if they can’t plug and play, they will just scrap the whole thing. That’s exactly what’s happening right now.
Where is the evidence that corporate America prefers immigrants over existing workforce? I've never heard such a claim before. > if they can’t plug and play, they will just scrap the whole thing This isn't just corporate America, it's all of America and all of humanity. Anything that's not plug and play has higher costs, higher risk, higher delays, and less chance of success. Sudden and unexpected changes that increa…
This largely ignores the uncertainty and costs of a revolving workforce, and the value of having a workforce that all knows each other, the way the company works, and cares whether it succeeds.
When I was younger, I did a bunch of short-ish stints at various companies (I think average tenure was a hair under 2 years) because someone else would offer more money, more exciting work, etc. It was incredibly inefficient for the employer. "Waiting for my laptop/credentials to be issued" was like a full percentage point of my time there. I barely cared whether the company did well because I wasn't going to be there long enough for my RSUs to swing wildly either way. I never got to the point where I knew offhand who to talk to about niche parts of the product, and never became "that guy" for anyone else.
Frankly a lot of our stuff was higher risk and took longer because of the revolving doors. People important to a project would leave in the middle, or the person who wrote an important system would quit so we were left with whatever tribal knowledge we had.
Things worked well when the lady that wrote our invoicing system 20 years ago was still around but in security now. Things went poorly when she quit 6 months ago and now I have to reverse engineer it to figure out why I get stack overflows on invoices that contain an image.
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This has been called out by the Moody's Analytics economists in their podcast [0] for a while. The generally accepted explanation is that online job postings no longer map 1:1 to actual open positions at companies, ie many companies are not actually hiring despite having a listing for an open role. This has become common enough that it has gained it's own term: "ghost" postings/listings. [0] https://www.moodys.com/we…
We also have the unemployment numbers, and they are low. If job openings were largely ghost listings, and we were in a stealth recession, we'd see it in rising unemployment. Now unemployment HAS been creeping up, but still is low. If it hits 5% then I'd worry about a downturn.
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Certainly sounds like canaries telling us the rest of the economy is not doing great. (Not warning us that it's going to have problems. Telling us it already does.)
The economy canaries can't tell us anything: they're already dead.
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I feel ya 100%. Add on atomic bombs and biosphere collapse and I’m not just worried for the USA but civilization itself not making it many more decades
That is literally the nihilism that got us here to begin with.
If y’all didn’t pollute the climate to the point things will be unlivable I wouldn’t feel that way.
But rn my political goals are to leave a more beautiful corpse.
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I am slightly older than you, and literally don't know a person who isn't employed and doing well (including plenty your age and younger), though I am aware they exist. It's almost like anecdotal reports are meaningless, and we should rely on well sourced data to determine how things like the economy are doing. Spoiler alert: there is no indication we are in a death spiral, though in my opinion Trump seems to be doin…
I founded a company partially because I spent 2 years on the job hunt and got absolutely nothing. So yeah, here's one example of someone who isn't doing well - me. I was doing terribly. Honestly, I still am. I've just been fortunate enough to have conceived a product some people in my city want. Will the business scale and succeed? I hope so, because I'm fucked if it goes south. And yes, anecdotal data sucks. But I'd…
It makes sense that you wouldn't hire in such an uncertain environment. We have a President using emergency powers to affect sweeping, unpredictable, consequential changes to the economy that can dramatically alter unit economics overnight and completely tank a previously viable business. Within this calendar year, the President's ability to do this may be upended by pending court cases, an election, or both. Followi…
One of my clients is a midsized logistics brokerage based in LA. Right now is RFP season, where they bid on freight contracts with various existing and potential customers. These contracts are typically one year long. A bid you submit now might be for a contract that goes Sept-Sept. This is difficult even under normal circumstances because you have to predict what carrier (trucker) rates will be in the future. You al…
So, uh, did business owners actually take any of these things, which very much were promised during campaign season, into account when voting? Or did they walk into the ballot box thinking, "no-one wants to work anymore!" and pull the lever for the guy promising to make applicants a bit more motivated to work at lower wages?
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Where is the evidence that corporate America prefers immigrants over existing workforce? I've never heard such a claim before. > if they can’t plug and play, they will just scrap the whole thing This isn't just corporate America, it's all of America and all of humanity. Anything that's not plug and play has higher costs, higher risk, higher delays, and less chance of success. Sudden and unexpected changes that increa…
> Sudden and unexpected changes that increase uncertainty make it harder to invest in retraining, rather than easier. This largely ignores the uncertainty and costs of a revolving workforce, and the value of having a workforce that all knows each other, the way the company works, and cares whether it succeeds. When I was younger, I did a bunch of short-ish stints at various companies (I think average tenure was a hai…
I'm not "ignoring" that, and a retrained workforce is also a revolving workforce.
When I run teams or companies I invest heavily in giving employees opportunities to train for new skills, level up on their existing skills, and grow into greater responsibility and knowledge domains. But that always needs to be balanced with the rest of the needs. When my runway is uncertain, that reduces the ability to plan for adding training for existing employees rather than bringing in a consultant or a new hire.